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Industrial Insulation Market Growth Analysis, Share, Demand By Regions, Types And Forecast To 2027

The global industrial insulation market size is expected to reach USD 10.79 billion by 2027, expanding at a CAGR of 5.1% over the forecast period, according to a new report published by Radiant Insights, Inc. Benefits of insulation systems, such as equipment protection and increased system efficiency are anticipated to drive the demand.

Insulation protects industrial appliances from fire hazards, prevents the condensation of moisture on the equipment, and protects the equipment at extremely low or high temperatures leading to reduced accidental risks. In addition, it also helps in lowering the manufacturing and energy cost leading to an increased adoption of industrial insulation.

Fluctuations in the crude oil prices are anticipated to result in uncertainty in the prices of the raw materials derived from petrochemicals, which increases the bargaining power of the suppliers. The volatile raw material prices are anticipated to restrict the market growth in the forthcoming years.

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The market exhibits a degree of integration, where raw material suppliers such as Knauf Insulation and Armacell LLC are trying to integrate for manufacturing insulation materials. In addition, market players such as Rockwool Technical insulation, Paroc Group, and Knauf Gips KG have created a wide range of product portfolio to gain higher market share.

Further key findings from the report suggest:

• Stone wool accounted for the highest market share of 22.8% in 2019 as it is increasingly used in maintaining energy efficiency and provides fire protection with good acoustics

• The pipe insulation product segment accounted for USD 3.34 Billion in 2019 and is estimated to expand at a CAGR of 5.7% from 2020 to 2027 on account of its growing use for applications such as heat conservation, fireproofing, and soundproofing

• Power generation application segment is projected to expand at a CAGR of 5.5% from 2020 to 2027 owing to the increasing demand for insulation materials in the thermal power generation industry to minimize the energy losses

• Asia Pacific is expected to witness the highest growth over the forecast period and reach USD 3.02 billion in 2027 on account of the rising adoption of insulation materials in oil and gas and manufacturing industry

• Europe industrial insulation market accounted for USD 2.51 billion in 2019 and is estimated to expand at a CAGR of 4.7% from 2020 to 2027 owing to the presence of stringent regulatory norms pertaining to the use of industrial insulation materials

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Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List to Data Sources

Chapter 2. Executive Summary
2.1. Industrial insulation market: Market Snapshot

Chapter 3. Industrial Insulation Market Variables, Trends & Scope
3.1. Market segmentation and scope
3.2. Value chain analysis
3.3. Market Dynamics
3.3.1. Market driver analysis Rising awareness regarding energy conservation and increasing energy costs Energy costs and sustainability
3.3.2. Market restraint analysis Volatile raw material prices
3.4. Industrial Insulation Market: Porter’s Five Forces Analysis Supplier Power Buyer Power Substitution Threat Threat from New Entrant Competitive Rivalry
3.5. Industrial Insulation Market: PESTEL Analysis Political Landscape Environmental Landscape Social Landscape Technology Landscape Economic Landscape Legal Landscape
3.6. Industrial Insulation: Material Comparative Analysis

Chapter 4. Industrial Insulation Market: Material, By Material Estimates & Trend Analysis
4.1. Industrial Insulation Market: Material Movement Analysis, 2019 & 2027
4.2. Stone Wool
4.2.1. Market estimates and forecasts, by stone wool, 2016 – 2027 (Kilotons) (USD Million)
4.3. Glass Wool
4.3.1. Market estimates and forecasts, by glass wool, 2016 – 2027 (Kilotons) (USD Million)
4.4. CMS Fibers
4.4.1. Market estimates and forecasts, by CMS fibers, 2016 – 2027 (Kilotons) (USD Million)
4.5. Calcium Silicate
4.5.1. Market estimates and forecasts, by calcium silicate, 2016 – 2027 (Kilotons) (USD Million)


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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States


Published by Sunil Rathod

We publish complete research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.

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